- Current report filing (8-K)
March 02 2012 - 4:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 1, 2012
INTRICON CORPORATION
(Exact name of registrant as specified in its
charter)
Pennsylvania
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1-5005
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23-1069060
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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1260 Red Fox Road, Arden Hills, MN 55112
(Address of principal executive offices) (Zip
Code)
Registrant’s telephone number, including
area code (651) 636-9770
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On March 1, 2012, the Company and its domestic
subsidiaries entered into a Third Amendment to Loan and Security Agreement and Waiver with The PrivateBank and Trust Company. The
amendment amended the Loan and Security Agreement dated as of August 13, 2009, as amended, with The PrivateBank and Trust Company
to:
·
waive defaults arising due to non-compliance by the borrowers with the minimum EBITDA, leverage
ratio and fixed charge coverage ratio financial covenants as of the December 31, 2011 measurement date; and
·
amend the definition of EBITDA and modify the Company’s minimum EBITDA, leverage ratio
and fixed charge coverage ratio financial covenants, in each case effective as of January 31, 2012.
The foregoing description of the amendment does not purport
to be complete and is qualified in its entirety by reference to such document, which the Company expects to file as an exhibit
to its Annual Report on Form 10-K for the year ended December 31, 2011.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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INTRICON CORPORATION
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By:
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/s/ Scott Longval
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Name:
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Scott Longval
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Title:
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Chief Financial Officer
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Date: March 1, 2012
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